How's your insurance business doing? The state where you do business may have a big impact on your bottom line.

Nearly a decade since the Great Recession, some states still struggle to rebound while these 10 states have blossomed.

Within the United States, each state economy can be either boom or bust. Some states have an aging population. Others have infrastruture problems. Yet others have higher taxes.

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California now 7th largest economy

Illinois, for instance, is currently in a fiscal decline and has the highest unemployment rate in the Midwest. Meanwhile, California has grown into the seventh largest economy in the world, boasting a GDP of $2.3 trillion, according to financial website WalletHub.

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